Squarepoint Ops LLC Has $10.70 Million Stock Position in Celanese Corporation $CE

Key Points

• Squarepoint Ops LLC increased its Celanese position by 154.4% in the second quarter, adding 141,175 shares to hold 232,605 shares valued at approximately $10.7 million. Institutional investors collectively own 98.87% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $63.71 price target; several firms recently lowered their targets, including Morgan Stanley to $58 and BMO Capital Markets to $54.
• Celanese exceeded quarterly earnings expectations, reporting $2.45 in EPS versus the $2.23 consensus estimate and $2.75 billion in revenue. The stock opened at $44.51, while the company paid a quarterly dividend of $0.03 per share.

Squarepoint Ops LLC raised its position in Celanese Corporation (NYSE:CE - Free Report) by 154.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 232,605 shares of the basic materials company's stock after purchasing an additional 141,175 shares during the period. Squarepoint Ops LLC owned 0.21% of Celanese worth $10,700,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its holdings in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock worth $28,000 after buying an additional 270 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 331 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Celanese during the 3rd quarter valued at $34,000. UMB Bank n.a. lifted its position in shares of Celanese by 175.7% during the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 571 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Celanese during the fourth quarter worth $41,000. Institutional investors own 98.87% of the company's stock.

Insider Activity

In other news, SVP Mark Murray bought 2,153 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the acquisition, the senior vice president directly owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on CE shares. Morgan Stanley decreased their price target on shares of Celanese from $72.00 to $58.00 and set an "equal weight" rating for the company in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on shares of Celanese in a research report on Thursday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Celanese in a research note on Friday, August 21st. Wall Street Zen downgraded Celanese from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, BMO Capital Markets cut their price target on Celanese from $57.00 to $54.00 and set a "market perform" rating on the stock in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $63.71.

Celanese Stock Down 0.0%

CE stock opened at $44.51 on Thursday. Celanese Corporation has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. The stock's 50 day moving average is $45.58 and its 200-day moving average is $52.86. The firm has a market capitalization of $4.88 billion, a PE ratio of -4.16, a P/E/G ratio of 0.29 and a beta of 0.76.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.Celanese's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Sell-side analysts expect that Celanese Corporation will post 5.99 EPS for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were paid a $0.03 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese's dividend payout ratio is presently -1.12%.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

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